Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 of 8 < Sandra Company has gathered the following information about its product Direct materials: Each unit of product contains 3.7 pounds
Question 2 of 8 < Sandra Company has gathered the following information about its product Direct materials: Each unit of product contains 3.7 pounds of material. The average waste and spoilage per unit produced under normal conditions is 1.3 pounds. Materials cost $1 per pound, but Sandra always takes the 3% cash discount all of its suppliers offer. Freight costs average $0.40 per pound Direct labor. Each unit requires 1.0 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly pay rate of Sandra's employees is $10.6. Payroll taxes and fringe benefits are an additional $2.9 per hour. Manufacturing overhead. Overhead is applied at a rate of $4.0 per direct labor hour Compute Sandra's total standard cost per unit. (Round answer to 2 decimal places, eg. 1.25) Total standard cost per unit $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started